The post CoinShares: $1.65B Crypto Inflows Led By Bitcoin appeared on BitcoinEthereumNews.com.
Digital asset investment products drew $1.65 billion in net inflows across all issuers globally over the first three trading days of the week, according to the latest weekly market update from CoinShares published on August 27. The figure follows the $2.94 billion recorded in the full week to August 20, which CoinShares described as the largest weekly inflow of the year. Bitcoin and Ethereum Lead the Inflows Bitcoin led with $976 million of inflows while Ethereum drew $478 million, alongside broad altcoin participation that included XRP at $80.5 million, Solana at $62.9 million, and Hyperliquid at $39.0 million. The United States drove the bulk of the flows at $1.5 billion, with Germany and Switzerland also strong. Total industry exchange-traded product assets under management climbed to roughly $155 billion, and year-to-date flows returned to a positive $3.4 billion. The figures are industry-wide across all issuers and exclude CoinShares’ own product flows, a contrast with the prolonged outflow streak Bitcoin funds only broke earlier this summer. Miners’ AI Revenue Could Reach 70% by Year-End Separately, CoinShares said its forthcoming mining report will argue that red tape is now the binding constraint on U.S. data center build-out, with Bitcoin miners among the principal beneficiaries. Data center vacancy has fallen from 10% in 2019 to about 1% today, while capacity waiting for a grid connection stands at roughly 2,060 gigawatts against about 1,300 gigawatts of total installed U.S. generating capacity. The firm estimates the share of revenue listed miners earn from AI has risen from roughly 30% toward about 70% by year-end, though it flagged that figure as an estimate that could prove higher. Miners already hold powered sites that can be redirected toward AI compute without the same regulatory delays facing new facilities. A Supportive Macro Backdrop The inflows arrived as Bitcoin closed…